Adriatic to Acquire Vessels from C&E Boat Rental
Raceland, La.-based Adriatic Marine LLC has entered into a contract with C&E Boat Rental LLC to take over operations of one 220’ DP-2 and two 170’ DP-1 Offshore Supply Vessels (OSVs). Adriatic Marine will also take delivery of another 220’ DP-2 OSV presently under construction for C&E Boat Rental in Bayou La Batre, Alabama with an expected delivery date of September 2014. This transaction is scheduled to close in the next 30 days. With the addition of the 220’ OSV and the two 170’ OSVs, Adriatic Marine will have a fleet of 21 DP-1/DP-2 OSVs, ranging in length from 170’ to 220’ and having an average age of four years, making its fleet one of the newest and most sophisticated in the Gulf of Mexico.
Adriatic Marine Order Six More DP-2 OSV's
Raceland, LA-based Adriatic Marine LLC inform they have contracted Master Boat Builders, Inc., of Mobile, Alabama, for the construction of six 220’-class DP-2 Offshore Supply Vessels (OSVs). Construction is scheduled to begin in January 2014. Delivery of the first vessel is scheduled for the first quarter of 2015, with deliveries of the five subsequent vessels following every four months thereafter. In addition, Adriatic Marine say they currently have five 200’ and two 260’ DP-2 OSVs under construction at C&C Marine and Repair, LLC, of Belle Chasse, Louisiana.
Adriatic Marine to Buy 6 Former Abdon Callais OSV's
Raceland, LA-based Adriatic Marine LLC has entered into a contract with Harvey Gladiator LLC, a wholly-owned subsidiary of Harvey Gulf International Marine LLC, for the purchase of six 205’ DP-1 Offshore Supply Vessels (OSVs). The transaction is expected to close in the early fourth quarter of 2013. The purchased vessels are a subset of a larger acquisition by Harvey Gulf of substantially all of the assets of Abdon Callais Offshore LLC. With the acquisition of the six 205’ OSVs…
